Future of Work - Major trends
Tackling income inequality is key to ensure equitable and prosperous societies
One of the most daunting challenges for future of work will be to reduce income inequality. Income inequality, as measured by the Gini index, remains extremely high in much of the developed and emerging world. For instance, in Latin America and the Caribbean it remains pervasive with an average Gini index close to 50. Meanwhile, high income disparities continues to hamper efforts towards poverty eradication in Africa and parts of Asia and the Pacific, where substantial economic gains from the past decade were unevenly distributed. In the higher-income regions of Northern America and Europe and Central Asia, income inequality is close to historical highs and does not show signs of abatement.